Sanity-Saving Secrets For Caring For Your Aging Parents

December 19, 2014 3:28 PM

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1. Do you have a living will? Roughly 72 percent of seniors have advance directives specifying end-of-life medical wishes, according to a recent study funded by the National Institute on Aging. Make sure your parents are among them. While you're at it, confirm that the document has been revised in the last five years and that you know where to find it.

2. Where's the money? Start with your parents' latest tax return to get an overview of their assets, says John Schall, CEO of the Caregiver Action Network. Then compile account numbers (savings, checking, credit card, 401(k), etc.) and phone numbers for the customer service line at each banking inst...

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